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PEPE Breakout: Analysts Predict Surge to $0.0000019, Reflecting 31% Gain

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In a recent post on X, crypto analyst Ali Martinez shared insights on the potential breakout of $PEPE from a descending parallel channel, hinting at a bullish momentum for the meme coin. According to Martinez, if the breakout is confirmed, the memecoin could advance towards $0.0000016 or even $0.0000019.

The surge in PEPE’s price coincides with the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC). While Bitcoin itself has experienced a modest 5% increase following this bullish news, altcoins in the sector have exhibited notable surges.

Pepe Token’s Journey to $0.0000019

The breakout from the descending parallel channel suggests a positive trend for the memecoin, aligning with historical patterns associated with such breakouts. However, it is crucial to note that the breakout has just been initiated, and confirmation is needed for the bullish momentum to continue.

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Ali Martinez has outlined $0.0000016 and $0.0000019 as the potential price levels for the memecoin, marking distances equal to half-length and full-length of the channel, respectively. A successful touch at the former would indicate a 12% rally from the current price while reaching the latter would imply an impressive 31% increase.

As of the latest update, the current price stands at $ 0.0000001367, with a 24-hour trading volume of $ 240.76M and a market cap of $ 575.08M. Over the last 24 hours, PEPE has seen a significant 12.27% price increase, and its positive trend over the past week has resulted in an 8.34% gain.

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Pepe (PEPE) 24 Hours Chart | Source: CoinMarketcap

Moreover, technical indicators from Changelly signal a 41% Bullish market sentiment on Pepe Token, while the Fear & Greed Index displays a 73 (Greed) score.

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PEPE Breakout: Analysts Predict Surge to $0.0000019, Reflecting 31% Gain 4

Looking ahead, crypto experts predict an average PEPE rate of $0.00000121 in January 2024 based on the price fluctuations observed at the beginning of 2023. The expected minimum and maximum prices for the memecoin are forecasted at $0.00000109 and $0.00000133, respectively.

Related Reading |  Bank Of England Governor Criticizes Bitcoin’s Lack of Momentum In Financial System 

PEPE Coin Team Unveils Details of 16 Trillion Token Theft

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A remarkable turn shook the PEPE community on August 24, 2023, as unforeseen transactions led to turmoil. A well-known  Crypto influencer, Wu Blockchain, disclosed a significant breach instigated by three ex-team members, misappropriating a massive 16 Trillion $PEPE tokens valued at $15 million. These gains were illicitly drawn from the project’s multisig CEX wallet, severely denting member trust.

The stolen tokens were rapidly funneled into prominent cryptocurrency exchanges, including OKX, Binance, Kucoin, and Bybit. This marked a shocking deviation from the token’s intended purpose and left the PEPE community grappling with the consequences of this bold act. Adding to the intrigue, the number of required signers for the beleaguered multisig wallet plummeted from eight to two.

PEPE Reveals Stolen Tokens’ Origin

Amidst the chaos, the official PEPE Twitter account made a bid for transparency, disclosing that the stolen tokens were once housed within the CEX wallet. The team swiftly clarified that this repository was never intended for speculative sales or personal enrichment. This revelation shed light on the internal fractures that have marred the journey.

The coin’s history has been colored by internal disputes and clashes among team members, some of whom departed early due to disagreements and inflated egos. Their disobedience and intermittent communication created bottlenecks and slowdowns in the project’s progress. However, the crescendo of the crisis was orchestrated by a triumvirate of former team members who resurfaced with nefarious intent.

In a stunning coup, these ex-members hijacked 16 Trillion tokens, a staggering 60% of the multisig wallet’s holdings. Executing these transfers without authorization, they vanished without a trace, obliterating any vestiges of their previous involvement. In contrast, the remaining 10 Trillion tokens were retained by a steadfast team member determined to uphold the project’s integrity and prosperity.

In the aftermath, the stolen tokens were rapidly liquidated on exchanges like OKX and Binance. Meanwhile, plans are afoot to safeguard the remaining 10 Trillion tokens by moving them to a fresh wallet. The affected party is also actively securing web domains and usernames related to incinerating the remaining tokens upon completing these acquisitions.

Following this upheaval, the official PEPE Telegram group remains inaccessible due to hacking concerns. The @pepecoineth Twitter account has now taken center stage as the primary mode of communication, hosting official group links. Amidst the mayhem, the community is advised to remain vigilant against potential scams involving airdrops, staking, mints, or other fraudulent claims, as the legitimate PEPE team abstains from such practices.

Undeterred by the setback, steadfast members of the PEPE community remain resolute in steering the project toward a decentralized and resilient future. This incident is a stark reminder of the imperative for prudence within the cryptocurrency community, emphasizing the need to deliberate and connect before embarking on actions that influence wallets and tokens.

Related Reading:| PEPE: Analyzing Recent Whale Activities and Market Trends

PEPE Surges 23%: Whales Propel Meteoric Rise, Igniting Crypto Frenzy

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In a recent Twitter revelation from The Data Nerd, the crypto realm is buzzing with news of an impressive 23% surge in the trendy PEPE meme coin’s value over the last week. This meteoric rise can be attributed to an orchestrated wave of accumulation led by whales and smart wallets, igniting the meme coin market.

Currently riding a wave of popularity, Meme coins are spearheaded by PEPE and SHIB, each boasting a remarkable rally phase. In demonstrating their financial prowess, these meme coin behemoths, often called whales, have accumulated staggering quantities, including purchases exceeding the one trillion meme coin mark within a mere seven-day span.

The Data Nerd unveiled intriguing insights into the fascinating world of these meme coin whales, divulging the specifics of their high-profile acquisitions. Among the standout transactions, a newly emerged whale snapped up an impressive 41 billion coins on August 9, translating into a whopping unrealized gain of $8,700. On the same day, another notable whale amassed an eye-popping 1.07 trillion PEPE, raking in an unrealized gain of $162,000.

PEPE’s Meteoric Surge And Whales’ Dominion

Commencing on August 8, a surge thrust PEPE into prominence, elevating the coin from a modest $0.0000011261 to a peak of $0.0000014273 by August 7, demonstrating a notable 26.75% increase. Nevertheless, a slight decline has moderated the coin’s pace, resulting in the token retracing by nearly 4.44%. Currently, on the reputable OKX exchange, PEPE is being traded at $0.0000013399.

The crypto landscape is currently dotted with three standout whales, each holding substantial PEPE stockpiles. These magnates command holdings of 2.51 trillion tokens with an unrealized gain of $3.45 million (representing a jaw-dropping growth of 53,000 times), 50 billion tokens with unrealized gains amounting to $68 million, and 279 billion tokens, translating into $380,000 of unrealized gains.

PEPE Launched in April of this year by an enigmatic team of developers, meme coin embraces a distinct characteristic: it lacks utility. Compared to other meme coins like DOGE, PEPE draws inspiration from the iconic internet meme, the Frog.

On a parallel note, the meme coin arena is witnessing fervent activity surrounding the Shiba Inu token. Before the Blockchain Futurist Conference in Toronto, where SHIB was positioned as a significant sponsor, investors and whales hoarded SHIB tokens. This event spans two days, August 15 and 16, and anticipates groundbreaking announcements. On this occasion, the SHIB community eagerly awaits the unveiling of the much-anticipated Layer 2 Shibarium blockchain on the mainnet, a feat to be heralded by Shytoshi Kusama, the pseudonymous lead developer, via AI-assisted speech delivery.

Related Reading:| PEPE Soars High, Investors’ Fortunes Amplify

PEPE Soars High, Investors’ Fortunes Amplify

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In the past few months, Pepe Coin (PEPE) has emerged as a strong contender in the market for meme-based cryptocurrencies. Since its debut in April, this digital asset has quickly gained widespread attention, becoming a viral sensation. Within just a month of its introduction, Pepe Coin’s market capitalization has soared into the billions, solidifying its position as a notable disrupter in the industry.

According to CoinGecko, PEPE currently ranks 72nd in terms of total crypto market capitalization. At present, it is trading at a price of $0.00000151, having experienced a 12% increase in value over the last 24 hours. However, the volatile nature of this asset has made investing in Pepe a somewhat unpredictable venture. Nonetheless, recent activity suggests a potential shift in sentiment.

The surge in investment activity surrounding the frog token indicates that investors have developed confidence in the long-term potential of meme coins. They perceive the coin’s previous success as more than mere chance or luck. While the token has been characterized by its inherent volatility, these recent developments point to a possible change in market sentiment. It will be crucial to closely monitor how this narrative unfolds.

The increased volatility of frog-based meme coin reflects the broader landscape of meme-based cryptocurrencies. As such, these recent developments may signify a shift in sentiment within the overall market. The progression of this story will undoubtedly be of great significance to observe and analyze.

Market Buzz Intensifies as Pepe’s Whales Act

According to recent data, the value of the frog-based token has experienced an upward trend, prompting a whale identified as “0xa54d” to deposit a significant amount of 3.94 trillion $PEPE (equivalent to $7 million) into Binance. This move allowed the whale to secure a profit of approximately $650,000.

Meanwhile, another whale known as “0x37df” has chosen a different strategy by continuing to accumulate 285 billion $PEPE (worth around $504,000). Currently, this whale holds a substantial sum of 890.6 billion $PEPE (equivalent to $1.56 million), with an average cost of approximately $0.0000014.

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The influx of investment and the notable actions of these whales raise questions about the implications and potential outcomes of these activities. The market movements surrounding the frog token continue to capture attention, warranting close observation as further developments unfold.

PEPE and Meme Coins FOMO Fading, InQubeta Is a Long-Term Crypto Investment

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In the crypto ecosystem, very few trends have captured the attention of investors as intensely as the emergence of meme coins. The Fear of Missing Out (FOMO) that once propelled meme coins to great heights is slowly losing its grip on investors. The recent decline of Pepe Coin (PEPE), a decentralized platform for users to trade collectibles, has made investors question the sustainability of meme coins and they are now looking out for which crypto to buy today for the long term.

Amidst the fading FOMO, InQubeta (QUBE) emerges as a cryptocurrency project aiming to provide stable and sustainable investment options. Unlike meme coins that rely on short-lived trends, QUBE prioritizes long-term growth and sustainability and is now described as one the best crypto to buy right now.

This article delves into the fading FOMO surrounding meme coins like PEPE and why InQubeta offers investors fast-forward and robust long-term investments.

InQubeta (QUBE): Paving the Way for Stability and Long-Term Investment 

InQubeta has created waves in the cryptocurrency market as an asset allowing investors to forgo the excessive requirements of conventional investment methods. Given the platform’s structure and the expanding global interest in artificial intelligence (AI), this DeFi token has the potential to provide substantial returns for investors, which explains its rapid increase. The QUBE token is a deflationary token investors use to contribute to AI startup growth through a fractional investment process.

Using the fractional investment system, users can contribute to AI development through incentive and equity-based NFTs and benefit from being early backers thanks to the fractional investment function. QUBE DeFi token holders can also make passive income on the platform by earning rewards, as the QUBE token has a 5% tax dedicated to a reward pool for users who stake their tokens. This feature encourages long-term participation of investors on the platform, making the token a promising cryptocurrency for diversifying portfolios.

InQubeta distinguishes itself from other crypto projects by emphasizing real-world use cases and applications for its features. By partnering with AI startups and investors, QUBE strives to integrate itself into the growth of AI technology, further increasing its utility and value. InQubeta has established itself as a reliable and trusted platform for investors seeking viable, long-term crypto investments by emphasizing transparency and accountability. This approach fosters confidence in the community, and cements its position as the crypto to buy today for the long term.

Visit InQubeta Presale

Pepe Coin (PEPE): From Memetic Sensation to Fading FOMO

Pepe Coin is a rare and unique meme coin that captured the attention of meme enthusiasts and crypto investors who celebrated its innovative concept of rare digital collectibles. PEPE Coin was recognized as a memetic cryptocurrency because of its fusion of memes and blockchain technology. The project is a community-focused cryptocurrency built on the Ethereum blockchain. PEPE aims to provide a platform where meme enthusiasts could collaborate, engage, and participate in the ecosystem.

Pepe Coin also introduced a Proof-of-Meme (PoM) consensus algorithm designed to reward users for their meme creations and engagements on the platform, making it a good crypto to buy. However, like many meme coins in the crypto market, PEPE has no utility or intrinsic value for investors. Soon enough, the project’s price fluctuations began to raise concerns about the coin’s stability and long-term potential.

Conclusion

The hype surrounding meme coins and the fading FOMO associated with them shows their short-term speculative nature. Pepe Coin, though a good crypto to buy due to its distinct and exciting features, only provides its investors with fleeting moments of excitement and quick gains for some. On the other hand, InQubeta stands out as a promising long-term investment opportunity built on tangible assets and reliable returns. Investors looking for sustainable and reliable projects are rapidly shifting their attention from the fading FOMO of meme coins and are instead looking to InQubeta as a wise investment choice. Take advantage of this opportunity!

Visit InQubeta Presale